Former Dresdner chief joins UK's Isis

UK - Isis Asset Management says it has hired a former senior executive at Dresdner Kleinwort Wasserstein as its new head of institutional funds.

The company, formerly known as Friends Ivory & Sime, said in a news release that it has hired Michel Bernard in what it called a "serious coup". It said the former senior director with investment bank Dresdner Kleinwort Wasserstein will take over as director of institutional funds.

The recruitment of the 12-year UBS veteran "represents a serious coup for the company’s ambitions of further extending its lead in the provision of governance and socially responsible investment (GSRI) solutions in the European funds theatre," Isis said.